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Metal Foam Market Size, By Product (Open-cell, Closed-cell), By Material (Aluminum, Copper, Zinc, Titanium), By End-use Sector (Automotive, Aerospace, Building & Construction, Healthcare, Energy), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI3723
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

Metal Foam Market size was more than USD 75 million in 2022 and is projected to observe over 4.5% CAGR between 2023 to 2032. Higher product use in the aerospace and automotive sector is expected to drive industry trends.
 

Metal Foam Market

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Robust demand and sales of lightweight vehicles will fuel the need for metal foam materials. Cars made using metal foams are lighter in weight and therefore are more fuel efficient. The material also ensures improved vehicle and passenger safety with its damping and high shock-absorbing capabilities. The material possesses excellent properties like high specific strength, stiffness, energy absorption, corrosion resistance, high-temperature resistance, and electromagnetic shielding. Increasing preference for lightweight vehicles should boost the application scope of metal foam in the coming years.
 

Complications with soldering, welding, and bonding of metal foam may impede metal foam market growth. Metal foams have an uneven pore structure that makes it difficult to bond and weld with different metal materials that have a proper surface finish. The material when treated under high tensile load and impact force is also prone to brittle fractures. This may lead to a complete material breakdown rather than damage to a specific portion. Due to this factor, metal foam is not suitable for screwing and embedded fastening-based applications.
 

High performance characteristic of open-cell metal foams to fuel material demand

Metal Foam Market By Product

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Metal foam market value from open cell segment is anticipated to account for over USD 56 million by 2032. Open-cell metal foams exhibit high mechanical strength, sound absorption, variability, and heat & fluid adsorption characteristics. These features make use of these materials seamless in heat insulation, catalytic converter substrates, and vibration & sound absorption applications across various industries. Open-cell metal foams are also widely used for catalysis and filtration in heat exchangers.
 

Wide range benefits and application of copper foam material to boost industry expansion

Metal Foam Market By Material

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Metal foam industry share from copper foam material segment is anticipated to reach USD 13 million by 2032. Copper foam is known for its high energy resistance, strength, anti-corrosion qualities, and good conductivity. Due to its electromagnetic shielding and noise absorption, there is a wide range of applications for this material. It is largely used as a buffering material in pressure-reducing device that utilizes pressure gauges. It is also helpful in vibration absorption, thermal insulation, and other functional materials. These features are expected to accelerate copper foam material demand over the forecast period.
 

Rising application of metal foam in the aerospace sector to stimulate market demand

Metal Foam Market By End-Use

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Metal foam market share from aerospace sector is forecast to exhibit over 4% CAGR between 2023-2032. Characteristics of metal foam like lightweight, heat resistance, and cost-effectiveness are fuelling material demand in the aerospace sector. As per a study by the North Carolina State University (NC State), composite metal foam (CMF) aircraft wing leading-edge materials can repel insects and water much better than aluminum. Infused CMF is nearly the same weight as conventional aluminum but has other appealing characteristics that make it efficient for use in aircraft.
 

Rising automobile demand in APAC to influence metal foam market trends

Global Metal Foam Market

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Asia-Pacific metal foam market is anticipated to record more than 5% CAGR from 2023 to 2032. This growth can be attributed to rising automotive production and sales in the region. Factors like expanding urbanization, changing consumer habits, and a growing population in emerging economies will influence automotive sales. According to reports, in July 2022, Maruti Suzuki was stated as one of the biggest car sellers in India with nearly 98,318 units sold. Growing demand for fuel-efficient vehicles in the region should accelerate the use of metal foams in the automotive sector of APAC.
 

Expanding product portfolio to complement metal foam industry development

Some of the leading players in the global metal foam industry include Nanoshel, AlCarbon, Raede International Corp., Cymat, Spectra-Mat, Inc., Bauer Cases, Cnem Corporation, Aluntam Corp., Shanxi Putai Aluminum Foam Manufacturing Co., Ltd., American Elements, Ultramet, and Erg Aerospace Corporation. These firms are expanding their product portfolio by means of setting up new research and production facilities.
 

Impact of the COVID-19 pandemic on metal foam market

The COVID-19 pandemic impacted the market negatively as trade cycle and supply chain disruptions hampered the raw material availability during the first few months of the outbreak. Manufacturing delays and material shortages were some of the major factors that affected the industry. However, as the restrictions have eased, the sales of automobiles are increasing gradually. This is expected to boost the demand and use of metal foams materials over the forecast period.
 

The metal foam market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Thousand Square Meters and revenue in USD Thousand from 2018 to 2032 for the following segments:

By Product

  • Open Cell
  • Closed Cell

By Material

  • Aluminum
  • Copper
  • Zinc
  • Titanium

By End-use Sector

  • Automotive
  • Aerospace
  • Building & Construction
  • Healthcare
  • Energy
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

 

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Global market size for metal foam was more than USD 75 million in 2022 and is projected to observe over 4.5% CAGR between 2023 to 2032.

Metal foam industry value from the open cell segment is anticipated to account for over USD 56 million by 2032 as the material exhibit high mechanical strength, and sound absorption characteristics.

Asia-Pacific metal foam market is anticipated to record more than 5% CAGR from 2023 to 2032 driven by rising automotive production and sales in the region.

Nanoshel, AlCarbon, Raede International Corp., Cymat, Spectra-Mat, Inc., Bauer Cases, Cnem Corporation, and Aluntam Corp. are some of the leading manufacturers of metal foam.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 920
  • Countries covered: 21
  • Pages: 350

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